Nigerian Content Development and Monitoring Board (NCDMB)’s Executive Secretary, Engr. Felix Omatsola Ogbe, says the agency is targeting 70 per cent of local content development in oil and gas ...

Chairman, United Bank for Africa (UBA) Group Tony Elumelu has disclosed why he diversified from banking sector to oil & gas, power, healthcare, technology among other sectors of the economy.

NUPRC has reported that the cost of producing crude oil in Nigeria has surged to approximately $40 per barrel.

The Nigeria Extractive Industries Transparency Initiative has disclosed that as of August 2024, operators in the oil and gas sector are collectively indebted to the Federal Government, with ...

Flurries with a high of 19 °F (-7.2 °C) and a 47% chance of precipitation. Winds WSW at 6 to 7 mph (9.7 to 11.3 kph). Night - Partly cloudy with a 43% chance of precipitation. Winds variable ...

An oil spill in Nigeria's delta region has caused a fire that is yet to be contained. A subsidiary of the Nigerian National Petroleum Corporation Limited blames the spill on oil thieves. Accidents are ...

Nigeria’s oil production has declined to 1.3 million barrels per day currently from around 2.1 million barrels per day in 2018. Watch the latest edition of BizTech below: Click here to follow ...

YENAGOA, Nigeria, Jan 21 (Reuters) - An ongoing oil spill at a wellhead and subsequent fire in Buguma community in Nigeria's coastal Rivers state has entered its fourth week, with no immediate ...

The National Security Adviser, Mallam Nuhu Ribadu, has been appointed as the chief negotiator for the resumption of oil drilling in Ogoniland, in the Niger Delta area of Nigeria. Oil production ...

Firefighters extinguish fire from a tanker that exploded in Suleja, Nigeria, Saturday, Jan. 18 ... Niger state after individuals attempted to transfer gasoline from a crashed oil tanker into another ...

The death toll from a gasoline tanker explosion in north-central Nigeria has risen to 86 ... attempted to transfer gasoline from a crashed oil tanker into another truck using a generator.